Block chain trading system of Korea Stock Exchange Development Zone

The February 29 News reported that South Korea's only stock exchange, the Korean Exchange (KRX), will create an over-the-counter (OTC) platform using block-chain technology.
The trading system developed by the Korean Exchange, which uses the underlying bitcoin and other digital currency codes, is at an early stage of development, The Korea Times reported. The exchange's representative told the media that the platform could help its OTC traders reduce transaction costs.
The representative told the Korea Times: "Although there are many steps to be completed before the system is officially released, we hope that the system will help OTC traders save costs and reduce the effort to find trading partners, making the deal easier." ”
The move has allowed the Korean exchange to become the latest company to explore block-chain technology to promote securities trading.
New exchange for research on block chains
It is noteworthy that the Korean exchange is only one of many stock exchange operators studying the application of block chain technology.
Last November, chain, the Nasdaq and block-chain start-up company, launched a private Securities trading platform, LINQ. The Australian Stock Exchange has also sought to integrate block-chain technology, which has been involved in the latest round of funding from the Digital Asset Holdings, a block-chain start-up Digital Asset holding company.
Private enterprises are also seeking to enter the field of securities trading through block-chain technology. Last summer, online retailer Overstock launched its securities trading platform, which spent 8 million of billions of dollars on its projects in 2015.


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